2501 5Th AveHuntington, WV 25703

Property Details for 2501 5Th Ave

Lot size

0.21 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

06-05- 20-0092.0000

APU

6052000920000

Description

This exceptional mixed-use property, located at 2501 and 2505 5th Avenue in Huntington, West Virginia, presents a fantastic opportunity for a thriving business. The 2,045 square foot building, constructed in 2004, sits on a half-acre lot and offers ample parking for 30 vehicles. Its ideal location near Marshall University ensures a steady stream of students and local patrons. The interior boasts a fully equipped kitchen, ready for immediate operation. Features include essential appliances, a sandwich bar, a small cooler, a walk-in freezer, and a walk-in cooler, all designed for efficient food preparation and storage. The spacious dining area is adaptable to various seating arrangements, accommodating a diverse clientele. Recent updates, including fresh paint applied within the last seven years, and reliable central heating and air conditioning, contribute to a modern and comfortable atmosphere. The exterior features a chain-link fence enclosing the rear area, providing privacy and security. This turnkey operation is priced at $650,000 and is perfect for an established restaurant or a new venture seeking a prime location in a vibrant college town. The property consists of one single-story building. The zip code is 25703, and it's situated in Cabell County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,234,170

  6.5%

  $2,062,311

  7%

  $1,915,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,125,494

  Geo Method

  $2,125,494

• Alternative Use

  Use

  Valuation

  Residential

  $1,739,636

  Hospitality

  $1,593,498

  Educational

  $1,325,771

  Medical

  $1,371,366

  Retail

  $2,062,311

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.4246

Longitude

-82.4119

CBSA code

26580

CBSA name

HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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